A four hole drilling programme comprising 2,318 metres on the Rudnitza copper-gold porphyry prospect has been finished, which meets the licence condition to drill 2,000m before 28 December. Assay results are expected by late-January.

Additionally, Tethyan is rehabilitating the drilling sites and access roads in accordance with the licence requirements.

Fabian Baker, chief operating officer, said: "We are pleased with the timely completion of our first drilling programme at Rudnitza, which is a good testament to our local team and the operating environment in Serbia.

“We achieved the meters that we set out to complete, which holds the Option Agreement in good standing and will give us a good initial understanding of the local geology and extent of copper and gold mineralisation on the prospect.”